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Travelzoo

DB:TXM1
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TXM1
DB
$115M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Travelzoo provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Travelzoo has significant price volatility in the past 3 months.
TXM1 Share Price and Events
7 Day Returns
-3.2%
DB:TXM1
-2.3%
DE Interactive Media and Services
-0.3%
DE Market
1 Year Returns
14.6%
DB:TXM1
44.2%
DE Interactive Media and Services
14.9%
DE Market
TXM1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Travelzoo (TXM1) -3.2% 1.1% -13.5% 14.6% -17.6% -14%
DE Interactive Media and Services -2.3% 3.8% 6.1% 44.2% 61.9% -43.9%
DE Market -0.3% -0.6% 7.5% 14.9% 9.5% 19.3%
1 Year Return vs Industry and Market
  • TXM1 underperformed the Interactive Media and Services industry which returned 44.2% over the past year.
  • TXM1 matched the Germany Market (14.9%) over the past year.
Price Volatility
TXM1
Industry
5yr Volatility vs Market
Related Companies

TXM1 Value

 Is Travelzoo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Travelzoo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Travelzoo.

DB:TXM1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TXM1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.038 (1 + (1- 21%) (16.76%))
1.117
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.117 * 5.44%)
5.69%

Discounted Cash Flow Calculation for DB:TXM1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Travelzoo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TXM1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.69%)
2020 7.63 Est @ 16.59% 7.22
2021 8.51 Est @ 11.49% 7.62
2022 9.19 Est @ 7.93% 7.78
2023 9.68 Est @ 5.43% 7.76
2024 10.04 Est @ 3.69% 7.61
2025 10.29 Est @ 2.46% 7.38
2026 10.45 Est @ 1.61% 7.10
2027 10.56 Est @ 1.01% 6.78
2028 10.62 Est @ 0.59% 6.46
2029 10.65 Est @ 0.3% 6.13
Present value of next 10 years cash flows $71.00
DB:TXM1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $10.65 × (1 + -0.39%) ÷ (5.69% – -0.39%)
$174.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $174.57 ÷ (1 + 5.69%)10
$100.39
DB:TXM1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $71.00 + $100.39
$171.39
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $171.39 / 11.68
$14.67
DB:TXM1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TXM1 represents 0.85646x of NasdaqGS:TZOO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85646x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 14.67 x 0.85646
€12.57
Value per share (EUR) From above. €12.57
Current discount Discount to share price of €8.95
= -1 x (€8.95 - €12.57) / €12.57
28.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Travelzoo is available for.
Intrinsic value
29%
Share price is €8.95 vs Future cash flow value of €12.57
Current Discount Checks
For Travelzoo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Travelzoo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Travelzoo's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Travelzoo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Travelzoo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TXM1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.53
NasdaqGS:TZOO Share Price ** NasdaqGS (2019-12-06) in USD $10.45
Germany Interactive Media and Services Industry PE Ratio Median Figure of 5 Publicly-Listed Interactive Media and Services Companies 31.53x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.37x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Travelzoo.

DB:TXM1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TZOO Share Price ÷ EPS (both in USD)

= 10.45 ÷ 0.53

19.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Travelzoo is good value based on earnings compared to the DE Interactive Media and Services industry average.
  • Travelzoo is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Travelzoo's expected growth come at a high price?
Raw Data
DB:TXM1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
12.5%per year
Europe Interactive Media and Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Interactive Media and Services Companies 1.98x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:TXM1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.74x ÷ 12.5%

1.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Travelzoo is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Travelzoo's assets?
Raw Data
DB:TXM1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $1.06
NasdaqGS:TZOO Share Price * NasdaqGS (2019-12-06) in USD $10.45
Germany Interactive Media and Services Industry PB Ratio Median Figure of 5 Publicly-Listed Interactive Media and Services Companies 6.92x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.85x
DB:TXM1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TZOO Share Price ÷ Book Value per Share (both in USD)

= 10.45 ÷ 1.06

9.84x

* Primary Listing of Travelzoo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Travelzoo is overvalued based on assets compared to the DE Interactive Media and Services industry average.
X
Value checks
We assess Travelzoo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Interactive Media and Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Travelzoo has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TXM1 Future Performance

 How is Travelzoo expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Travelzoo expected to grow at an attractive rate?
  • Travelzoo's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Travelzoo's earnings growth is positive but not above the Germany market average.
  • Travelzoo's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TXM1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TXM1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 12.5%
DB:TXM1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5%
Europe Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 20.2%
Europe Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TXM1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TXM1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 119 8 7 1
2019-12-31 114 1 6 1
DB:TXM1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 112 7 6
2019-06-30 111 6 6
2019-03-31 111 9 5
2018-12-31 111 5 5
2018-09-30 111 4 4
2018-06-30 111 5 3
2018-03-31 109 2 3
2017-12-31 107 2 2
2017-09-30 106 5 2
2017-06-30 108 3 4
2017-03-31 112 8 5
2016-12-31 114 9 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Travelzoo's earnings are expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
  • Travelzoo's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TXM1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Travelzoo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TXM1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.59 0.59 0.59 1.00
2019-12-31 0.51 0.51 0.51 1.00
DB:TXM1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.53
2019-06-30 0.51
2019-03-31 0.43
2018-12-31 0.38
2018-09-30 0.30
2018-06-30 0.25
2018-03-31 0.26
2017-12-31 0.12
2017-09-30 0.15
2017-06-30 0.29
2017-03-31 0.37
2016-12-31 0.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Travelzoo will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Travelzoo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Travelzoo has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TXM1 Past Performance

  How has Travelzoo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Travelzoo's growth in the last year to its industry (Interactive Media and Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Travelzoo's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Travelzoo's 1-year earnings growth exceeds its 5-year average (67.5% vs -25.3%)
  • Travelzoo's earnings growth has exceeded the DE Interactive Media and Services industry average in the past year (67.5% vs 13.9%).
Earnings and Revenue History
Travelzoo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Travelzoo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TXM1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 111.58 6.32 81.84 6.78
2019-06-30 111.37 6.13 81.31 7.60
2019-03-31 111.26 5.28 81.70 8.19
2018-12-31 111.32 4.66 81.82 8.99
2018-09-30 111.26 3.77 82.48 9.40
2018-06-30 110.64 3.08 82.51 9.42
2018-03-31 108.98 3.23 80.37 9.38
2017-12-31 106.52 1.59 79.85 9.22
2017-09-30 106.34 1.92 79.04 9.09
2017-06-30 108.48 3.88 79.16 9.01
2017-03-31 111.86 5.04 80.59 8.67
2016-12-31 114.26 6.01 81.13 9.10
2016-09-30 119.50 5.44 85.11 10.34
2016-06-30 126.41 12.92 90.87 11.02
2016-03-31 133.40 11.96 96.03 12.23
2015-12-31 123.96 8.52 89.78 12.21
2015-09-30 143.96 10.34 108.12 12.17
2015-06-30 146.54 3.27 111.70 12.36
2015-03-31 152.19 9.15 112.62 14.42
2014-12-31 153.24 13.06 112.51 11.33
2014-09-30 156.42 16.38 112.51 8.37
2014-06-30 157.37 -4.44 112.68 5.26
2014-03-31 156.25 -5.97 114.82
2013-12-31 170.63 -6.58 120.17 8.83
2013-09-30 157.79 -4.49 116.82
2013-06-30 155.98 17.99 115.13
2013-03-31 154.01 20.05 111.38
2012-12-31 151.17 18.20 106.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Travelzoo made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Travelzoo used its assets more efficiently than the DE Interactive Media and Services industry average last year based on Return on Assets.
  • Travelzoo has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Travelzoo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Travelzoo has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TXM1 Health

 How is Travelzoo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Travelzoo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Travelzoo's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Travelzoo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Travelzoo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Travelzoo has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Travelzoo Company Filings, last reported 2 months ago.

DB:TXM1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 12.40 0.00 11.75
2019-06-30 14.23 0.00 14.20
2019-03-31 15.64 0.00 20.03
2018-12-31 14.06 0.00 18.18
2018-09-30 15.00 0.00 15.91
2018-06-30 17.38 0.00 19.50
2018-03-31 16.88 0.00 23.28
2017-12-31 13.08 0.00 22.81
2017-09-30 12.15 0.00 19.22
2017-06-30 15.03 0.00 22.04
2017-03-31 19.00 0.00 28.74
2016-12-31 18.06 0.00 26.94
2016-09-30 20.80 0.00 25.33
2016-06-30 19.69 0.00 28.05
2016-03-31 21.88 0.00 29.54
2015-12-31 21.39 5.66 35.91
2015-09-30 22.39 5.66 35.29
2015-06-30 42.14 0.00 55.90
2015-03-31 39.60 0.00 54.57
2014-12-31 35.83 1.00 55.50
2014-09-30 39.86 0.00 57.21
2014-06-30 38.93 0.00 60.50
2014-03-31 30.37 0.00 61.29
2013-12-31 31.34 0.00 66.22
2013-09-30 36.03 0.00 78.40
2013-06-30 53.37 0.00 73.85
2013-03-31 48.02 0.00 65.51
2012-12-31 43.34 0.00 61.56
  • Travelzoo has no debt.
  • Travelzoo had no debt 5 years ago.
  • Travelzoo has no debt, it does not need to be covered by operating cash flow.
  • Travelzoo has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Travelzoo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Travelzoo has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TXM1 Dividends

 What is Travelzoo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Travelzoo dividends.
If you bought €2,000 of Travelzoo shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Travelzoo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Travelzoo's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TXM1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TXM1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Travelzoo has not reported any payouts.
  • Unable to verify if Travelzoo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Travelzoo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Travelzoo has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Travelzoo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Travelzoo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Travelzoo has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TXM1 Management

 What is the CEO of Travelzoo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Holger Bartel
COMPENSATION $232,000
AGE 52
TENURE AS CEO 3.9 years
CEO Bio

Mr. Holger Bartel, Ph.D. Global Chief Executive Officer of Travelzoo Inc. since January 1, 2016. Mr. Bartel served as the Chairman of Travelzoo Inc. since June 2010 until May 22, 2017. Mr. Bartel served as Executive Chairman at Travelzoo Inc. from September 2015 to December 2015. He served as Head of Strategy at Travelzoo Inc. from October 1, 2011 to October 2013. He served as the Chief Executive Officer of Travelzoo Inc. from October, 2008 to June 2010. He was a Consultant at Travelzoo Inc., and also served as its Executive Vice President from September 1999 to November 2007. Mr. Bartel served as an Engagement Manager of McKinsey & Company in Los Angeles from 1995 to 1998. He served as the Chairman of the Board at Travelzoo Inc. since July 1, 2010 to September 12, 2014. He served as a Director of Travelzoo Inc. since June 2005 until May 22, 2017. He was a research fellow at Harvard Business School from 1992 to 1994. He holds an MBA in Finance and Accounting and a Ph.D. in Economics from the University of St. Gallen, Switzerland.

CEO Compensation
  • Holger's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Holger's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Travelzoo management team in years:

1.6
Average Tenure
47
Average Age
  • The average tenure for the Travelzoo management team is less than 2 years, this suggests a new team.
Management Team

Holger Bartel

TITLE
Global Chief Executive Officer
COMPENSATION
$232K
AGE
52
TENURE
3.9 yrs

Lisa Su

TITLE
Chief Accounting Officer
COMPENSATION
$341K
AGE
43
TENURE
1.2 yrs

Mike Peterson

TITLE
Chief Technology Officer
COMPENSATION
$782K
AGE
61
TENURE
1.5 yrs

Ralph Bartel

TITLE
Founder
AGE
53
TENURE
21.6 yrs

Wayne Lee

TITLE
Interim Chief Financial Officer
COMPENSATION
$370K
AGE
47
TENURE
1.2 yrs

Christina Ciocca

TITLE
Counsel & Secretary
AGE
31
TENURE
1.7 yrs

Tara Kraft

TITLE
Head of Publishing
TENURE
2.6 yrs

Sharry Sun

TITLE
Global Head of Brand
TENURE
1.6 yrs

Scott Wang

TITLE
Head of Strategy of Asia Pacific & GM of Greater China
TENURE
0.6 yrs

Christian Smart

TITLE
General Manager of Germany
COMPENSATION
$393K
AGE
39
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Travelzoo board of directors in years:

3.5
Average Tenure
50
Average Age
  • The tenure for the Travelzoo board of directors is about average.
Board of Directors

Ralph Bartel

TITLE
Founder
AGE
53
TENURE
2.6 yrs

Mary Reilly

TITLE
Independent Director
COMPENSATION
$107K
AGE
66
TENURE
6.3 yrs

Beatrice Tarka

TITLE
Independent Director
COMPENSATION
$71K
AGE
47
TENURE
4.3 yrs

Carrie Liu

TITLE
Independent Director
COMPENSATION
$75K
AGE
38
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • Travelzoo individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Sep 19 Sell Ralph Bartel Individual 13. Sep 19 13. Sep 19 -64,150 €11.24 €-721,197
06. Sep 19 Sell Ralph Bartel Individual 05. Sep 19 05. Sep 19 -64,400 €9.78 €-629,515
04. Sep 19 Sell Ralph Bartel Individual 30. Aug 19 04. Sep 19 -45,761 €10.79 €-471,506
07. Aug 19 Sell Ralph Bartel Individual 05. Aug 19 05. Aug 19 -39 €10.50 €-410
31. Jul 19 Sell Ralph Bartel Individual 29. Jul 19 31. Jul 19 -87,300 €11.51 €-1,003,263
26. Jul 19 Sell Ralph Bartel Individual 24. Jul 19 24. Jul 19 -2,500 €13.50 €-33,746
17. Jun 19 Sell Ralph Bartel Individual 13. Jun 19 14. Jun 19 -56,000 €15.06 €-840,655
30. May 19 Sell Ralph Bartel Individual 28. May 19 29. May 19 -26,409 €16.79 €-442,247
24. May 19 Sell Ralph Bartel Individual 22. May 19 24. May 19 -60,591 €17.02 €-1,021,613
16. May 19 Sell Ralph Bartel Individual 14. May 19 16. May 19 -52,000 €18.77 €-972,612
11. Mar 19 Buy Christian Smart Individual 11. Mar 19 11. Mar 19 6,000 €11.59 €69,493
18. Dec 18 Buy Christian Smart Individual 14. Dec 18 14. Dec 18 700 €7.23 €5,064
14. Feb 19 Sell Ralph Bartel Individual 13. Feb 19 13. Feb 19 -100,000 €13.64 €-1,364,132
X
Management checks
We assess Travelzoo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Travelzoo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TXM1 News

Simply Wall St News

TXM1 Company Info

Description

Travelzoo provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service. The company also operates the Travelzoo Network, a network of third-party Websites that list travel deals published by the company; and Local Deals and Getaway listings, which allow its members to purchase vouchers for deals from local businesses, such as spas, hotels, and restaurants. It serves airlines, hotels, cruise lines, vacations packagers, tour operators, destinations, car rental companies, travel agents, theater and performing arts groups, restaurants, spas, and activity companies. Travelzoo Inc. was founded in 1998 and is headquartered in New York, New York.

Details
Name: Travelzoo
TXM1
Exchange: DB
Founded: 1998
$103,952,339
11,679,033
Website: http://www.travelzoo.com
Address: Travelzoo
590 Madison Avenue,
37th Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TZOO Common Stock Nasdaq Global Select US USD 28. Aug 2002
DB TXM1 Common Stock Deutsche Boerse AG DE EUR 28. Aug 2002
Number of employees
Current staff
Staff numbers
422
Travelzoo employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/08 21:30
End of day share price update: 2019/12/06 00:00
Last estimates confirmation: 2019/10/28
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.